Churches Across America Either Floored by Foreclosures or Mauled

Family Christian Center under pastors Rich and Lindy Oliver decided that more space was required for their growing congregation. The church took a loan of $4.2 million. But when the crisis hit in 2006 many of faithful shifted to other places while those that remained reduced their contributions drastically. Meanwhile the value of the property tumbled down in 2008 from $8.5 million to a mere $2.5 million.